CME Group Hurricane Event

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Hurricane Event contracts cover specific regional locations and actual named hurricanes making landfall in the United States Atlantic basin regions.


CME Group Hurricane Event futures
Exchange CME Group
Settlement Cash settled
Contract Size $1,000 times the respective CHI
Pricing Unit 1 CHI point = $1,000
Tick Value 0.1=$100
Contract Months At the beginning of each season, storm names are used from a list, starting with A and ending with Z, maintained by the World Meteorological Organization. In the event that more than 21 named events occur in a season, additional storms will take names from the Greek alphabet: Alpha, Beta, Gamma, Delta, ect.
Last Trading Day Trading shall terminate at 9:00 a.m. Central Time (CT) on the first Exchange business day that is at least two calendar days following the last forecast/advisory issued by the NHC for the named storm, but in no event shall trading terminate prior to the first Exchange business day that is at least two calendar days following the beginning of the hurricane season on January 1. If a particular named storm is unused (i.e., that storm has not formed), trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following the end of the hurricane season on December 31.

Trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following the dissipation or exit from the designated area of a named hurricane, but in no event shall trading terminate prior to the First Exchange business day that is at least two calendar days following the beginning of the hurricane season on January 1 or later than the first business day that is at least two calendar days following December 31. If a particular named storm is unused (i.e., that storm had not formed), trading shall terminate at 9:00 a.m. CT on the first Exchange business day that is at least two calendar days following the end of the hurricane season on December 31.

Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A Traded exclusively on CME Globex on Sundays through Thursdays, 5:00 p.m. - 3:15 p.m. CT the following days
Ticker Symbol NA Events begin with a one and ends with a zero (0 represents 10)

HX1-HX0 = CHI Hurricane Index storms beginning with the letters A-J

HG1-HG0 = CHI Hurricane Index storms beginning with the letters K-V

HF1-HF0 = CHI Hurricane Index storms beginning with the letters W-Iota

HP1-HP0 = CHI Cat-In-A-Box – Galveston-Mobile storms A-J

HS1-HS0 = CHI Cat-In-A-Box – Galveston-Mobile storms K-V

HN1-HN0 = CHI Cat-In-A-Box – Galveston-Mobile storms W-Iota

Price Limits N/A N/A
 
CME Group Hurricane Event options
Trade Unit One futures contract
Point Value 1 point = $1,000 (0.1 = $100)
Tick Value Regular 1.00=$1,000.00; Cabinet 0.50=$500.00
Option Months At the beginning of each season, storm names are used from a list, starting with A and ending with Z, maintained by the World Meteorological Organization. In the event that more than 21 named events occur in a season, additional storms will take names from the Greek alphabet: Alpha, Beta, Gamma, Delta, ect.
Strike Prices 0-30
Exercise Style American
  Open Outcry No Electronic Market
Trading Hours Traded in the NASDAQ-100 pit on Mondays through Fridays, 8:30 a.m. – 3:15 p.m. CT (9:00 a.m. CT LTD) N/A
Ticker Symbol Events begin with a one and ends with a zero (0 represents 10)

HX1-HX0 = CHI Hurricane Index storms beginning with the letters A-J

HG1-HG0 = CHI Hurricane Index storms beginning with the letters K-V

HF1-HF0 = CHI Hurricane Index storms beginning with the letters W-Iota

HP1-HP0 = CHI Cat-In-A-Box – Galveston-Mobile storms A-J

HS1-HS0 = CHI Cat-In-A-Box – Galveston-Mobile storms K-V

HN1-HN0 = CHI Cat-In-A-Box – Galveston-Mobile storms W-Iota

N/A
Price Limits None N/A

Also See

CME Group weather products

Resources

CME Group Web site

CME Group Hurricane products